I have been watching the cannabis market very closely since early 2013. I launched 420 Investor in August of that year and stayed with my original service provider until late 2022. My goal with that service was to help those interested in cannabis stocks learn about the companies, many of which were complete scams. Some still are! In May of 2023, I went public with my launch at Seeking Alpha, where I started contributing my articles in early 2007.
The cannabis market has seen lots of ups and downs. Currently, it is in a bear market for more than the past three years that may be ending or have ended already. The New Cannabis Ventures Global Cannabis Stock Index, which currently includes 29 stocks, is up 18.6% so far in 2024. It is down a lot, though, over the past three years and since inception too (down over 90% since 12/31/12):
For those of you that want to stay on top of the cannabis sector, I can help you! I still offer my 420 Investor service for $600 per year. Earlier this year, I launched a “Basic Service” called The Big Picture. I explained in a prior post the service, which includes weekly updates, monthly newsletters and Top Picks. That service is less. Less money, less service!
For those that want to stay on top of the cannabis market but not pay any money, I publish each week a newsletter at New Cannabis Ventures, which is a free financial-oriented website. Also, since late 2022, I have been publishing articles on cannabis stocks at Seeking Alpha. Here are the past ten in reverse-order since Valentine’s Day:
I have a personal blog, AlanBrochstein.com, and I have shared some information there as well. I discussed why I no longer cared about Organigram, and I also shared a piece on the type of cannabis stocks that I was liking a month later. By the way, I shared an article today with my 420 Investors that explains why I went from no Organigram to a full allocation recently.
I focus on the largest companies but also some that aren’t so big and well-known. Between running New Cannabis Ventures and 420 Investor, I stay on top of the market. For investors who are very active in the cannabis sector, they can benefit from the service I provide at 420 Investor, which includes 10 videos a week, three feature articles per month when created for the monthly newsletter, two model portfolios, news updates, financial report previews and filings reviews.
I do understand that many aren’t fully committed to cannabis stocks, and I try to offer ways for them to stay on top of the market too, which I discussed above. Not only do I understand this lower level of commitment, I agree with it! Too many people are too invested in the cannabis sector. I am aware of the opportunities, but I also fully understand the many risks.